Tiêu đề Corporate Accounting.pdf ✅

ABHISHEK PANDEY CLASSES 1 Corporate Accounting | Sem 5 We Provide Classes For BCom All Sem In Search Of Quality, You Found APC Table Of Contents ISSUE, FORFEITURE AND RE-ISSUE OF SHARES ................................. 2 BONUS AND RIGHT ISSUE............................................................ 7 UNDERWRITING OF SHARES AND DEBENTURES..................................14 BUY BACK OF SHARES ................................................................17 EMPLOYEE STOCK OPTION PLAN ....................................................23 COMPANY FINAL ACCOUNT ..........................................................25 ISSUE & REDEMPTION OF DEBENTURE ............................................32 VALUATION OF GOODWILL ..........................................................40 VALUATION OF SHARES .............................................................48 COMPANY MERGER AND RECONSTRUCTION .......................................66 INTERNAL RECONSTRUCTION.......................................................78
ABHISHEK PANDEY CLASSES 2 Corporate Accounting | Sem 5 We Provide Classes For BCom All Sem In Search Of Quality, You Found APC ISSUE, FORFEITURE AND RE-ISSUE OF SHARES 1. A limited company issued 90,000 shares of ₹10 each at a premium of ₹3 per share payable as follows: On application 6 (including premium) per share, on allotment ₹5 per share and on call ₹2 per share. Applications were received 2,79,600 and allotments were made as under: a) Applicants for 64,500 received 30,600 shares; b) Applicants for 1,51,800 received 37,800 shares; c) Applicants for 63,300 received 21,600 shares. Amount received with applications, after satisfying the application money, was applied towards allotment and call money and any balance was then returned. One shareholder falling in the category (c) mentioned above failed to pay allotment in respect of 100 shares and these shares were immediately forfeited. Show Journal entries in the books of the company. 2. Issue of Shares for Consideration other than Cash-Forfeiture. M.K. Co. Ltd. was formed with an authorised capital of 10,00,000 divided into 10,000 equity shares 100 each. It issued equity shares as given below: a) 100 shares were issued to promoters for services rendered by them. b) 900 shares were issued to the vendor for purchase of machinery, and c) 9,000 shares were offered to public for subscription payable as follows: ₹ On application On allotment On first call On final call 40 40 20 20 120
ABHISHEK PANDEY CLASSES 3 Corporate Accounting | Sem 5 We Provide Classes For BCom All Sem In Search Of Quality, You Found APC Issue was fully subscribed and full allotment was made to all the applicants. Arrear of instalments were as under: Company decided to forfeit shares on which less than 80 per share had been paid on account of share capital. Pass journal entries in the books of the company. 3. Dynamic Ltd. made a public issue of 15,000 Equity Shares of ₹10 each at a premium of ₹5 per share payable as follows: • On application • On allotment • On first call • On final call ₹ 5 per share (including premium ₹2) ₹ 6 per share (including the balance of premium) ₹ 2 per share The balance of the issue price Applications were received for 24,000 shares. No allotment was made to the applicants for 4,000 shares and their application moneys were refunded with letters of regret Pro-rata allotment was made to the applicants for 20,000 shares. Mr. A, who had applied for 120 shares failed to pay allotment and both the call moneys. Mr. B, who was allotted 60 shares failed to pay two calls. Shares of Mr. A and B were forfeited after the final call was made. All the forfeited shares where re-issued to Mr. C on payment of ₹12 per share. Show the journal entries in the books of Dynamic Ltd. to give effect to the above and also preparing a Bank Account . 4. Oriental Ltd. issued 5,000 Equity Shares of ₹10 each at a premium of ₹2 per share payable as 3 per share on application, 5 per share on allotment (including premium) and ₹2 per share on first and final call each. Applications for 8,000 shares were received and allotment was made pro-rata to applicants of 7,500 shares, the application money for remaining shares being refunded. Akash, to whom 120 shares were allotted, failed to pay the allotment money and first call money. His shares were forfeited after the first call. Bikash who applied for 300 shares, failed to pay the two calls and his shares On allotment On first call On final call 250 Shares 750 Shares 2,000 Shares